Key Insights
- SUI price builds strength across weekly and intraday charts, with $4.30 resistance identified as the critical level for the next advance.
- Nasdaq-listed SUI Group Holdings expands its treasury beyond 101 million tokens, signaling strong institutional confidence in long-term SUI adoption.
- Technical indicators align with corporate accumulation, reinforcing a bullish structure that positions SUI for a potential move toward the $10 mark.
SUI price continues to trade with firm support as multiple technical setups align. The token has maintained an ascending triangle formation on the weekly chart, consistently holding above $3.10 after repeated tests. Each rebound has added pressure to the $4.30 resistance, which remains the key level preventing further gains.
Analysts note that a sustained break above $4.30 could open the path toward $10, matching the measured target of the weekly triangle. Recent trading patterns reflect strong buying activity, with green candles forming after every dip. This has reinforced the base structure and created conditions that favor continuation if resistance is cleared.
Short-Term Confirmation
On the four-hour chart, the technical outlook has strengthened further. The token recently broke out of a falling wedge and successfully retested the upper boundary near $3.25. This level has now turned into support, confirming the breakout. The price is now navigating toward the $3.50 to $3.80 zone, identified as a near-term target range. Indicators such as the Parabolic SAR and MACD both support the bullish momentum.
Alongside technical developments, institutional involvement has added weight to the long-term outlook. Nasdaq-listed SUI Group Holdings, previously known as Mill City Ventures, has expanded its treasury with the purchase of an additional 20 million SUI tokens. This move has lifted its total holdings beyond 101.7 million tokens, currently valued at approximately $344 million.
Market Impact
The accumulation by a publicly listed firm highlights growing confidence in the asset. Such corporate commitments reduce available supply on exchanges, tightening liquidity conditions. Additionally, partnerships with institutions like Sygnum Bank and Galaxy Digital further strengthen the framework supporting SUI, extending its reach into traditional financial markets.
With technical patterns aligning across multiple timeframes and institutional demand steadily increasing, the SUI price remains positioned for further gains. The decisive point continues to be the $4.30 resistance, and a confirmed breakout above this level could accelerate the move toward higher targets, including the $10 zone.
